DLO dLocal (DLO) Q2 FY26 earnings call
dLocal delivered record TPV growth, driven by significant merchant expansion and platform investments, leading to improved operating leverage. The company is focused on cost discipline and AI-driven automation to sustain profitability gains, while navigating regional mix shifts and external tax and FX impacts. Management emphasizes its cash-generative model and commitment to long-term shareholder value through strategic investments and returns.
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DLO operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Payments volume | $13B+TPV surpassed $13 billion for the quarter, growing 70% year-on-year and 26% quarter-on-quarter.Source: earnings call transcript | $14.1BTPV reached $14.1 billion in Q1, up 73% year-on-year and 7% quarter-on-quarter, our sixth consecutive quarter above 50% growth, and that's a number we're very proud of.Source: earnings call transcript | $17.7BTPV reached $17.7 billion, accelerating to 92% year-over-year, the highest growth rate since the first quarter of 2022.Source: earnings call transcript | +25.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.